GROUP DEMOREN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GROUP DEMOREN
Largest movements
- Cash +€255,695
up €255,695 (+6,073%), from €4,210 to €259,905
mainly Contributions, distributions and other (+€169,088) and Net result for the year (+€133,658)
- Receivables within one year +€128,079
up €128,079 (+426%), from €30,032 to €158,111
of which Trade receivables: +€119,346
- Profit (loss) carried forward +€304,745
new in 2025: €304,745
- Tax, wage and social debts +€56,111
new in 2025: €56,111
- Trade debts +€24,917
new in 2025: €24,917
- Gross operating margin +€243,211
up €243,211, from -€1,270 to €241,941
- Taxes +€88,465
up €88,465 (+11,514%), from €768 to €89,233
- Other operating charges +€18,041
up €18,041 (+2,207%), from €818 to €18,858
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,242 | €418,016 | +€383,774 | +1,121% |
| Current assets | 29/58 | €34,242 | €418,016 | +€383,774 | +1,121% |
| Amounts receivable within one year | 40/41 | €30,032 | €158,111 | +€128,079 | +426% |
| Trade receivables | 40 | €27,050 | €146,396 | +€119,346 | +441% |
| Other amounts receivable | 41 | €2,982 | €11,715 | +€8,733 | +293% |
| Cash at bank and in hand | 54/58 | €4,210 | €259,905 | +€255,695 | +6,073% |
| Total equity and liabilities | 10/49 | €34,242 | €418,016 | +€383,774 | +1,121% |
| Equity | 10/15 | €34,242 | €336,988 | +€302,746 | +884% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,842 | €19,843 | -€1,999 | -9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,982 | €17,983 | -€1,999 | -10.0% |
| Profit (loss) carried forward | 14 | - | €304,745 | +€304,745 | |
| Amounts payable | 17/49 | - | €81,028 | +€81,028 | |
| Amounts payable within one year | 42/48 | - | €81,028 | +€81,028 | |
| Trade debts | 44 | - | €24,917 | +€24,917 | |
| Suppliers | 440/4 | - | €24,917 | +€24,917 | |
| Taxes, remuneration and social security | 45 | - | €56,111 | +€56,111 | |
| Taxes | 450/3 | - | €56,111 | +€56,111 | |
| Other operating charges | 640/8 | €818 | €18,858 | +€18,041 | +2,207% |
| Gross operating margin | 9900 | -€1,270 | €241,941 | +€243,211 | |
| Operating profit (loss) | 9901 | -€2,087 | €223,083 | +€225,170 | |
| Financial charges | 65/66B | - | €192 | +€192 | |
| Recurring financial charges | 65 | - | €192 | +€192 | |
| Profit (loss) for the period before taxes | 9903 | -€2,087 | €222,891 | +€224,978 | |
| Income taxes | 67/77 | €768 | €89,233 | +€88,465 | +11,514% |
| Profit (loss) for the period | 9904 | -€2,856 | €133,658 | +€136,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,856 | €133,658 | +€136,514 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.